Saudi Arabia: Food Portion of the New Saudi Higher Import Tariffs Concentrates on Dairy Products

On June 20, 2020 Saudi Arabia imposed higher tariffs on a wide range of food and non-food products. Dairy products account for approximately 84% of the 224 food and agriculture products whose tariffs were increased. U.S. exports of dairy products to Saudi Arabia reached $80 million in 2019. A previous list of tariff increases, which was announced on May 27, 2020 for implementation on June 10, 2020, was not imposed and has been rescinded. The new list of tariff increases, which was announced on June 18, 2020, does not include many items that were on the previous list. These tariff increases are in addition to the announced July 1, 2020 increase in the Saudi Arabian Value Added Tax from 5% to 15%.

Saudi Arabia: Food Portion of the New Saudi Higher Import Tariffs Concentrates on Dairy Products